GST slab rate on Machines for extruding, drawing, texturing

What is the present GST rate tariff on Machines for extruding, drawing, texturing ? Goods and Service Tax rate for Machines for extruding, drawing, texturing? GST duty payable on Machines for extruding, drawing, texturing ?

This article explains about the Machines for extruding, drawing, texturing

The GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.

The rate of GST on Machines for extruding, drawing, texturing or cutting man-made textile materials. fixed by GST council at the introduction of GST in July, 2017 is 18%

This details about payable GST on Machines for extruding, drawing, texturingis only for information.The validity of above information and amendments about GST rate on Machines for extruding, drawing, texturing may be verified before any business dealing.

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